We are now late in the economic cycle and this has pushed up market volatility – as have trade and other tensions. But historically a late-cycle environment has often delivered decent returns too. So stay invested, but hedge.

The following regional editions are available:  

CIO Insights - Carefully does it: stay invested but hedge - EMEA (EN)

CIO Insights - Carefully does it: stay invested but hedge - Americas (EN)

CIO Insights - Carefully does it: stay invested but hedge - APAC (EN)


Our quarterly CIO Insights publication provides a summary of our macroeconomic and asset class views as of July 2018, along with market forecasts and an update on our 10 Themes for 2018.

 
In the EMEA region this material is considered marketing material, but this is not the case in the U.S. No assurance can be given that any forecast or target can be achieved. Forecasts are based on assumptions, estimates, opinions and hypothetical models which may prove to be incorrect. Past performance is not indicative of future returns. Investments come with risk. The value of an investment can fall as well as rise and you might not get back the amount originally invested at any point in time. Your capital may be at risk. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: WM.CIO-Office@db.com